Math, asked by prachisahai43, 2 months ago

the compound interest is equal to the simple interest for 3 years. (true/false)​

Answers

Answered by MiscreantAngel
2

Answer:

Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest.

Step-by-step explanation:

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